This study aims to examine the mechanisms, and the results of corporatist decision-making arrangements in Korea and Japan, through the lens of the analytical framework provided by the accumulated literature on new corporatism. The following three findings of this study help to expand our understanding of new corporatism. First, new corporatism also requires institutional preconditions to ensure meaningful outcomes. When labor lacks the capacity for collective action and self-regulation, the government usually proceeds with unilateral action without an effort to build a consensus. Second, if the tripartite arrangement is crafted by the state with weak social partners, the success of the endeavor by and large depends on the capacity of the state to convince the other partners of the benefits of concertation. Finally, the results of new corporatism need to be explored beyond macroeconomic indicators for unexpected byproducts to be revealed.